Short

EUR/NZD: Selling the breakout

Updated

Hi guys,

Sorry for this sudden interruption, I have had some important personal issues which are now solved.

I will try to publish as often as previously.

I am also launching in a couple of weeks my website, I will keep you posted for those who are interested.

In the meantime we have EUR/NZD which broke a major support trend line. It is consolidating and forming a new pattern.

I am looking to sell once the trend line is broken. My target will be the support area as shown in my chart.

EDIT: Please ZOOM OUT to see the main trend.

Happy to be back in here and I hope we can make some great trades together.

Trade with care.

Best,

Jesse

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Ideally previous low should become a resistance, let's see...

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Current rejection of previous low

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* Previous low is being rejected
* Trend line is about to be broken
* M15 price is below all EMA's

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Ok let's see if it reaches the target by the end of this session.

The sell move looks pretty aggressive

Trade active

Entered at 1.71920

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The pattern looks clearer on EURNZD than on EURJPY for the moment.

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For those who are not yet in the trade

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Trade should be activated for those who entered today

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Target changed to 1.71500

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As you can see the area highlighted in blue as more chance to get hit than 1.71400

Trade closed manually

Took my profits, cannot follow the trade the next 2 hours and we are in a support zone! Nice profits on thiis one

Trade closed: target reached

1.71500 target was reached, congrats to those who held the position!

SwissPips

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